New sellers surge into Easter: Rightmove

Posted on Friday, April 5, 2024

Thursday 28th March saw a 45% rise in the number of new sellers coming to market compared to a week earlier, according to Rightmove. 

Newly released data from Rightmove reveals Thursday 28th March was the biggest day for the number of new sellers coming to market so far this year and the third biggest day for new listings coming up for sale since August 2020. Figures show that only Boxing Day in 2022 and 2023 saw more properties coming to market in one day.

There were 45% more homes added to Rightmove on Thursday 28th March than the previous Thursday, as people got their homes on the market to try and capture the attention of buyers across the Easter weekend.

The housing market continues its recovery following a muted 2023, with asking prices up by 0.8% over the past year, currently standing at £368,118 across Great Britain.

Rightmove’s property expert, Tim Bannister, said: “A huge number of new sellers came to market as we all geared up for the Easter break, all hoping to capture the attention of those buyers using the long weekend to home hunt alongside their Easter egg hunts.

"It’s still a price-sensitive market, so while the uptick in activity we’ve seen over the past few months is a positive sign, sellers still need to heed the advice from their agent on pricing competitively to help secure a successful sale.”

Nathan Emerson, CEO of Propertymark comments: “A strong housing market is always a key indication of wider economic health, and it is extremely positive to see such upbeat figures. The last few years have proven challenging with people taking an extremely cautious approach to the housing market.

"It’s encouraging to now see people once again finding the confidence and affordability to power their next move, especially with inflation now heading back down and anticipated interest rate cuts widely expected soon too.”

Via @PropertyReporter